XML 42 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 5,320 $ 3,005 $ 2,762
NET INCOME 5,378 2,912 2,752
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,357 3,077 2,831
Nuclear fuel and other amortization 272 300 372
Impairment charges 446 7 2
Unrealized losses (gains) on marked to market derivative contracts - net 436 (44) (337)
Foreign currency transaction losses (gains) (25) 13 0
Deferred income taxes (875) 1,230 1,162
Cost recovery clauses and franchise fees 82 94 176
Acquisition of purchased power agreement (243) 0 (521)
Benefits associated with differential membership interests - net (460) (309) (216)
Gains on disposal of a business, assets and investments - net (1,225) (490) (89)
Recoverable storm-related costs (108) (223) 0
Other - net 90 (111) 49
Changes in operating assets and liabilities:      
Current assets (353) (162) 66
Noncurrent assets (60) (58) (109)
Current liabilities 766 (24) 64
Noncurrent liabilities (7) (12) (123)
Net cash provided by operating activities 6,413 6,293 6,089
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures of FPL (5,174) (3,776) (3,428)
Independent power and other investments of NEER (5,295) (5,396) (4,505)
Cash grants under the American Recovery and Reinvestment Act of 2009 78 335 8
Nuclear fuel purchases (197) (283) (361)
Other capital expenditures and other investments (74) (181) (83)
Proceeds from sale of the fiber-optic telecommunications business 1,454 0 0
Sale of independent power and other investments of NEER 178 658 52
Proceeds from sale or maturity of securities in special use funds and other investments 3,207 3,776 4,851
Purchases of securities in special use funds and other investments (3,244) (3,829) (4,982)
Proceeds from sales of noncontrolling interests in NEP 0 645 345
Other - net 149 5 107
Net cash used in investing activities (8,918) (8,046) (7,996)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt 8,354 5,657 5,772
Retirements of long-term debt (6,780) (3,310) (3,972)
Proceeds from differential membership investors 1,414 1,859 761
Net change in commercial paper 1,419 (106) (768)
Proceeds from other short-term debt 450 500 1,225
Repayments of other short-term debt (2) (662) (813)
Issuances of common stock - net 55 537 1,298
Proceeds from issuance of NEP convertible preferred units - net 548 0 0
Dividends on common stock (1,845) (1,612) (1,385)
Dividends to NEE 0 0 0
Other - net (680) (363) (221)
Net cash provided by (used in) financing activities 2,933 2,500 1,897
Effects of currency translation on cash, cash equivalents and restricted cash 26 10 17
Net increase in cash, cash equivalents and restricted cash 454 757 7
Cash, cash equivalents and restricted cash at beginning of year 1,529 772 765
Cash, cash equivalents and restricted cash at end of year 1,983 1,529 772
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest (net of amount capitalized) 1,184 1,193 1,143
Cash paid for income taxes - net 142 91 33
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Accrued property additions 3,029 3,626 2,616
Assumption of debt/acquisition hold-backs in connection with Texas pipeline acquisition 0 0 1,078
Decrease (Increase) in property, plant and equipment - net as a result of cash grants primarily under the American Recovery and Reinvestment Act of 2009 (154) 419 224
Increase in property, plant and equipment - net as a result of a settlement/noncash exchange (108) (72) (45)
Proceeds from differential membership investors used to reduce debt 0 100 0
FPL[Member]      
CASH FLOWS FROM OPERATING ACTIVITIES      
NET INCOME [1] 1,880 1,727 1,648
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 933 1,651 1,576
Nuclear fuel and other amortization 157 218 209
Deferred income taxes 905 932 504
Cost recovery clauses and franchise fees 82 94 176
Acquisition of purchased power agreement (243) 0 (521)
Recoverable storm-related costs (108) (223) 0
Other - net (139) 42 (56)
Changes in operating assets and liabilities:      
Current assets (190) 25 (90)
Noncurrent assets (37) (31) (53)
Current liabilities 701 16 40
Noncurrent liabilities (32) (86) (41)
Net cash provided by operating activities 3,909 4,365 3,392
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures of FPL (5,174) (3,776) (3,428)
Nuclear fuel purchases (117) (158) (205)
Proceeds from sale or maturity of securities in special use funds and other investments 1,986 2,495 3,731
Purchases of securities in special use funds and other investments (2,082) (2,506) (3,792)
Other - net 18 28 55
Net cash used in investing activities (5,369) (3,917) (3,639)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuances of long-term debt 1,961 309 1,084
Retirements of long-term debt (882) (262) (551)
Net change in commercial paper 1,419 212 (1,086)
Proceeds from other short-term debt 450 500 100
Repayments of other short-term debt (2) (450) 0
Capital contributions from NEE 0 600 1,454
Dividends on common stock (1,450) (1,300) (700)
Other - net (15) (2) (8)
Net cash provided by (used in) financing activities 1,481 (393) 293
Net increase in cash, cash equivalents and restricted cash 21 55 46
Cash, cash equivalents and restricted cash at beginning of year 153 98 52
Cash, cash equivalents and restricted cash at end of year 174 153 98
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest (net of amount capitalized) 472 434 435
Cash paid for income taxes - net 2 147 439
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Accrued property additions 668 664 474
Increase in property, plant and equipment - net as a result of a settlement/noncash exchange $ (112) $ 0 $ 0
[1] FPL's comprehensive income is the same as reported net income